I'm not a chartist, but I have been following the market movements for quite a while. I think it would be counterproductive for those making money in the selling and buying back of DTE shares for them to let the price go below 10c at the moment, because the steps get much smaller. Between 10 and 11, there is 10% profit to be made in nice chunky movements. Below 10c, then the 10/10.5 area becomes huge resistance. From previous experience (which I guess equates to charting) the price will come back up to the 12-12.5 area again before the selling recommences (barring a positive announcement).
There are no obvious prop bids in at 10c, it looks like mainly bargain hunters to me; I might join them.
This is entirely speculation on my part, DYOR etc.
- Forums
- ASX - By Stock
- DTE
- i think the market depth had a signal for 0.08
i think the market depth had a signal for 0.08, page-4
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DTE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online